Economics WEC12/01 June 2023
Edexcel
International AS/A Level
Economics (WEC)
Jun
2023
2. Economic indicators: nominal GDP growth and population change in China, GDP per capita calculations, unemployment impacts on public finances.
3. Aggregate demand and supply shifts: impact of business confidence fall in Germany, output gap consequences in Vietnam (negative output gap effects).
4. Inflation and trade balance: inflation′s negative impact on India′s balance of trade through competitiveness and import costs.
5. Fiscal and monetary policy tools: government spending multipliers, marginal propensity to consume (MPC) calculations, effects of base interest rate changes on economic activity.
6. Inflation measurement and deflation explanation: CPI inflation trends in Rwanda, definition and implications of deflation in economic contexts.
معلم موافق رایگان بودن است.
1. Macroeconomic concepts: circular flow withdrawals (savings), Phillips curve trade-off (inflation vs unemployment), classical LRAS characteristics (inelasticity at full employment), consumer confidence effects from house price changes, ECB monetary tightening (quantitative easing cessation and asset sales).2. Economic indicators: nominal GDP growth and population change in China, GDP per capita calculations, unemployment impacts on public finances.
3. Aggregate demand and supply shifts: impact of business confidence fall in Germany, output gap consequences in Vietnam (negative output gap effects).
4. Inflation and trade balance: inflation′s negative impact on India′s balance of trade through competitiveness and import costs.
5. Fiscal and monetary policy tools: government spending multipliers, marginal propensity to consume (MPC) calculations, effects of base interest rate changes on economic activity.
6. Inflation measurement and deflation explanation: CPI inflation trends in Rwanda, definition and implications of deflation in economic contexts.
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